Updated Oct 28, 2024
TruAmerica Multifamily Acquires Multifamily Property In Houston With Broker David Mitchell
12025 Richmond Ave, Houston, TX, USA
Units
652
Asset Type
MultiFamily
Closing
Nov 23, 2021
About this deal
AI
The recently closed transaction in Houston involved a multifamily property located at 12025 Richmond Ave & 2700 Woodland Park Dr. The property consists of 652 units and was sold on 11/23/2021. The buyer of the property was TruAmerica Multifamily. The deal was facilitated by broker David Mitchell from Newmark. No additional details about the property or the transaction were provided.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Houston
- Units: 652
The transaction involved the buyer, TruAmerica Multifamily, who acquired the multifamily property located at 12025 Richmond Ave & 2700 Woodland Park Dr in Houston. Assisting in the transaction was broker David Mitchell from Newmark. No additional information about the buyer, seller, or any other individuals or companies involved in the deal was provided.
On the Map
MultiFamily
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Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93